PFIX vs. FDLO ETF Comparison

Comparison of Simplify Interest Rate Hedge ETF (PFIX) to Fidelity Low Volatility Factor ETF (FDLO)

PFIX

Simplify Interest Rate Hedge ETF

PFIX Description

The investment seeks to track the performance, before fees and expenses, of the SoFi Sustainable Dividend Index. The index follows a rules-based methodology that tracks the performance of the equity securities of publicly-traded, large- and mid-capitalization U.S. and non-U.S. companies in developed markets that are selected based on a set of dividend filters focused on dividend sustainability. The adviser attempts to invest all, or substantially all, of its assets in the component securities that make up the index. The fund will invest at least 80% its net assets in dividend paying securities. It is non-diversified.

Grade (RS Rating)

Last Trade

$50.22

Average Daily Volume

80,893

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

FDLO

Fidelity Low Volatility Factor ETF

FDLO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Low Volatility Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Low Volatility Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$61.98

Average Daily Volume

74,193

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	PFIX	FDLO
30 Days	1.63%	0.81%
60 Days	26.27%	1.49%
90 Days	22.86%	4.05%
12 Months	7.42%	21.68%

32 Overlapping Holdings

Symbol	Grade	Weight in PFIX	Weight in FDLO	Overlap
ADP	B	0.79%	0.66%	0.66%
AEE	A	0.14%	0.26%	0.14%
AEP	D	0.31%	0.28%	0.28%
AMCR	D	0.09%	0.15%	0.09%
APD	A	0.37%	0.27%	0.27%
CMCSA	B	1.29%	0.95%	0.95%
CMS	C	0.12%	0.24%	0.12%
COP	C	1.01%	0.41%	0.41%
CSCO	B	1.48%	1.77%	1.48%
CVX	A	2.06%	0.69%	0.69%
ETN	A	0.82%	0.72%	0.72%
GD	F	0.46%	0.49%	0.46%
GIS	D	0.28%	0.28%	0.28%
GRMN	B	0.13%	0.51%	0.13%
HSY	F	0.22%	0.24%	0.22%
JNJ	D	2.83%	1.18%	1.18%
JPM	A	3.9%	1.89%	1.89%
LHX	C	0.29%	0.49%	0.29%
LMT	D	0.82%	0.58%	0.58%
MDLZ	F	0.76%	0.37%	0.37%
MMC	B	0.75%	0.67%	0.67%
PAYX	C	0.3%	0.51%	0.3%
PG	A	2.82%	0.99%	0.99%
PKG	A	0.1%	0.19%	0.1%
RSG	A	0.28%	0.47%	0.28%
SO	D	0.55%	0.37%	0.37%
TRV	B	0.38%	0.69%	0.38%
TXN	C	1.13%	1.48%	1.13%
VZ	C	1.26%	0.93%	0.93%
WEC	A	0.18%	0.27%	0.18%
XEL	A	0.25%	0.3%	0.25%
XOM	B	3.19%	1.17%	1.17%

PFIX Overweight 76 Positions Relative to FDLO

Symbol	Grade	Weight
AVGO	D	3.86%
TM	D	1.97%
BAC	A	1.73%
NVS	D	1.56%
QCOM	F	1.27%
HSBH	B	1.23%
PLD	D	0.91%
BLK	C	0.87%
TD	F	0.83%
MS	A	0.81%
UPS	C	0.81%
C	A	0.77%
CVS	D	0.76%
GILD	C	0.66%
USB	A	0.45%
HMC	F	0.45%
PSX	C	0.45%
STLA	F	0.43%
PNC	B	0.43%
NSC	B	0.42%
PCAR	B	0.42%
VLO	C	0.36%
AIG	B	0.34%
SRE	A	0.33%
NUE	C	0.32%
MET	A	0.32%
OKE	A	0.31%
BK	A	0.29%
JCI	C	0.29%
CMI	A	0.28%
EXC	C	0.27%
KR	B	0.26%
E	F	0.26%
PEG	A	0.23%
FANG	D	0.23%
DFS	B	0.22%
ADM	D	0.22%
VICI	C	0.22%
BCS	C	0.22%
AVB	B	0.19%
EIX	B	0.19%
TROW	B	0.17%
DTE	C	0.17%
STT	A	0.16%
FITB	A	0.16%
ES	D	0.15%
MTB	A	0.15%
PFG	D	0.14%
GPC	D	0.14%
DRI	B	0.14%
ETR	B	0.14%
HBAN	A	0.13%
OMC	C	0.13%
HPE	B	0.13%
RF	A	0.12%
SWKS	F	0.12%
SYF	B	0.12%
HST	C	0.11%
NTRS	A	0.11%
VTRS	A	0.11%
ATO	A	0.11%
CINF	A	0.11%
FNF	B	0.1%
SNA	A	0.1%
CCEP	C	0.1%
BBY	D	0.1%
IP	B	0.09%
EG	C	0.09%
CAG	D	0.09%
NI	A	0.08%
LNT	A	0.08%
MOS	F	0.07%
EVRG	A	0.07%
CHRW	C	0.06%
CPB	D	0.06%
FRO	F	0.02%

PFIX Underweight 93 Positions Relative to FDLO

Symbol	Grade	Weight
AAPL	C	-7.26%
MSFT	F	-6.93%
GOOGL	C	-4.12%
AMZN	C	-3.92%
BRK.A	B	-2.13%
ORCL	B	-2.01%
ACN	C	-1.6%
LLY	F	-1.57%
UNH	C	-1.55%
IBM	C	-1.54%
MSI	B	-1.49%
V	A	-1.47%
MA	C	-1.34%
ROP	B	-1.21%
HD	A	-1.19%
TYL	B	-1.19%
VRSN	F	-1.08%
DOX	D	-1.08%
AKAM	D	-1.03%
T	A	-0.99%
ABBV	D	-0.98%
TMUS	B	-0.97%
WMT	A	-0.95%
ABT	B	-0.9%
MRK	F	-0.88%
PGR	A	-0.84%
MCD	D	-0.8%
TMO	F	-0.78%
EA	A	-0.72%
CB	C	-0.72%
LOW	D	-0.71%
AMGN	D	-0.71%
SBUX	A	-0.7%
HON	B	-0.7%
VRTX	F	-0.69%
CME	A	-0.69%
KO	D	-0.66%
TJX	A	-0.65%
UNP	C	-0.63%
PEP	F	-0.62%
PM	B	-0.62%
AJG	B	-0.61%
AIZ	A	-0.61%
BDX	F	-0.6%
FDS	B	-0.59%
ITW	B	-0.56%
WRB	A	-0.56%
NKE	D	-0.56%
WM	A	-0.55%
CBOE	B	-0.55%
FAST	B	-0.54%
LIN	D	-0.53%
ORLY	B	-0.53%
JKHY	D	-0.51%
REGN	F	-0.5%
NOC	D	-0.5%
OTIS	C	-0.47%
AZO	C	-0.47%
TSCO	D	-0.46%
ERIE	D	-0.45%
BAH	F	-0.43%
J	F	-0.39%
CL	D	-0.35%
DUK	C	-0.35%
WMB	A	-0.34%
FCN	D	-0.34%
EOG	A	-0.32%
EQIX	A	-0.31%
SHW	A	-0.3%
KMB	D	-0.3%
KMI	A	-0.3%
HII	D	-0.29%
AMT	D	-0.29%
LNG	B	-0.28%
DLR	B	-0.26%
PSA	D	-0.25%
ED	D	-0.25%
ECL	D	-0.24%
DTM	B	-0.23%
O	D	-0.22%
CCI	D	-0.21%
VMC	B	-0.2%
CTVA	C	-0.2%
MLM	B	-0.19%
CTRA	B	-0.19%
CSGP	D	-0.18%
MAA	B	-0.18%
EQR	B	-0.18%
ADC	B	-0.16%
AMH	D	-0.16%
ELS	C	-0.16%
ATR	B	-0.16%
AVY	D	-0.14%